August 12, 1999 PHILADELPHIA – Pennsylvania Real Estate Investment Trust (NYSE:PEI) will broadcast its quarterly earnings conference call through Investor Broadcast Network's Vcall website. The call will take place today at 11 a.m. EDT. To access the site,...

August 12, 1999 NEW YORK – NEC America Inc. is relocating its corporate headquarters to a 526,244-square-foot building that Archon Group, a unit of Goldman Sachs Group Inc. (NYSE:GS), will develop in the Las Colinas Corporate Center in...

August 12, 1999 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) a self-administered real estate investment trust (REIT), reported funds from operations for the second quarter ended June 30 of $8.4 million or 64 cents/share, compared to...

August 12, 1999 LOS ANGELES – CB Richard Ellis (NYSE:CBG) said it named Craig T. Stevens to the newly created post of senior vice president of e-business.Stevens was formerly head of the company's strategic purchasing program and 1031...

August 12, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. said it acquired Allan D. Dannatt & Co., a Houston-based commercial mortgage banker.The terms of the transaction were not disclosed.Dannatt represents life insurers, conduit lenders and other lending...

August 11, 1999ROSEVILLE, Calif. – Summit Commercial Properties and Mack-Cali Realty Corporation (NYSE:CLI) have leased 70,000 square feet at Lava Ridge Business Center to Prima Publishing, a book publisher and media company.The transaction is Roseville's largest office lease...

August 11, 1999PITTSBURGH – Interstate Hotels Corp. (NASDAQ:IHCO) reported a pro-forma net loss for the second quarter ended June 30 of $782,000 or 12 cents/share on a diluted basis. That compares with pro-forma net income of $1.3 million...

August 11, 1999DALLAS – Wyndham International Inc. (NYSE:WYN) reported a net loss for the second quarter ended June 30 of $877.2 million or $5.76 per diluted share, compared to a loss of $26.3 million or 21 cents/share for...

August 11, 1999 NEW YORK – Duff & Phelps Credit Rating Co. said it lowered its senior debt rating for Meditrust Corp. (NYSE:MT) to double-B-minus from double-B plus. At the same time, the rating firm said it had...

August 11, 1999HOUSTON – J.A. Green Development Corp. has lined up $19.4 million in permanent financing from New York Life Insurance Co. for four recently constructed industrial properties in Houston. The four properties total 569,250 square feet and...

August 11, 1999CONSHOHOCKEN, Pa. – Kranzco Realty Trust (NYSE:KRT) reported funds from operations for the second quarter ended June 30 of $5.14 million or 49 cents/share on a diluted basis, unchanged from the same period last year.Net income...

August 11, 1999 COLUMBIA, Md. – The Rouse CO. (NYSE:RSE)reported funds from operations for the second quarter ended June 30 of $55.6 million or 70 cents/share, compared to $46.4 million or 62 cents/share for the same period last...

August 11, 1999Textile company to build new plant in Mocksville The Winston-Salem Journal, August 11MOCKSVILLE, N.C. – Unifi Inc. of Greensboro, the largest producer and processor of textile yarns in the United States, announced yesterday that it will...

August 11, 1999 NEWPORT BEACH, Calif. – The Olen Group, a Newport Beach, Calif., developer, raised a total of $319 million of mortgage debt, which it used to refinance a portfolio of office, industrial and multi-family properties in...

August 11, 1999Plan to build library branch at Balch Institute popularThe Philadelphia Inquirer, August 11 PHILADELPHIA – An historical neighborhood located between Old City and Society Hill is getting a new resident, much to the delight of the...

August 11, 1999NORTH MIAMI BEACH, Fla. – Equity One Inc. (NYSE: EQY) said it agreed to buy Pine Island Ridge and Ridge Plaza in Davie, Fla., for $35.5 million.The two adjacent properties total 410,000 square feet on 41...

August 11, 1999 Minority business leaders launch $160-Mln real estate fundCrain's New York Business, August 11NEW YORK – American Express Co. President Kenneth Chenault, Time Warner Inc. President Richard Parsons and other prominent minority businessmen launched a real...

August 11, 1999Mortgage plan targets inner cityHouston Chronicle, August 11BOSTON – Bank of America announced Tuesday it will fund an unprecedented $3-billion mortgage program for low- to moderate-income borrowers that promises no down payment, no application fee and...

August 11, 1999 Oxford properties puts four malls up for saleGlobe and Mail, August 11TORONTO – Oxford Properties Group Inc. has put four shopping malls worth more than $100-million up for sale as it focuses on more lucrative...

August 11, 1999DVD company rents West LA warehouse for entertainment businesses VertiNews.com, August 11LOS ANGELES – DVD Express, an Internet-based seller of DVD discs, has leased a 66,000/SF warehouse in West Los Angeles. Formerly occupied by MGM/Turner Films,...

August 11, 1999 Waterfront rules easedChicago Sun Times, August 11CHICAGO – A major shift in the Metropolitan Water Reclamation District policy means shopping centers, hotels, light industry and offices could soon be developed on thousands of prime acres...

August 11, 1999 SAN DIEGO – Principal Commercial Acceptance LLC has provided $27.8 million of land financing backed by the 20-acre site of a proposed 1,200-unit apartment complex near San Diego.The fixed-rate financing was provided to Rio Vista...

August 11, 1999 NEW YORK – Starwood Financial Trust (AMEX:APT) reported funds from operations for the second-quarter ended June 30 of $25.8 million or 46 cents/share on a diluted basis from $21.1 million or 39 cents/share the same...

August 11, 1999 WILLIAMSVILLE, N.Y. – Sovran Self Storage Inc. (NYSE: SSS), a self-storage real estate investment trust, reported funds from operations for the second quarter ended June 30 of $9 million or 73 cents/share, compared to $8.3...

August 11, 1999 CHICAGO - Manulife, an insurance company headquartered in Toronto acquired a $90-million, 1.6 million-square-foot portfolio including 10 suburban Chicago industrial sites from Prime Group Realty Trust of Chicago, according to The Chicago Tribune today.The inability...